And there’s great news, folks. Research firm PhoCusWright notes that vacation home rentals are a $24-million a year business in America, as reported by BankRate.com.
The story dished out good advice for picking up tenants, including partnering with local businesses (restaurants, amusement parks and the like), lowering the requiring minimum stay and one other surprising strategy: reducing the price for a larger home to make renters feel like they’re getting more for their money.
Sounds about right.
U.S. consumers get a rush from buying big, whether it’s jumbo-sized bathroom tissue or paper towels.
Vacation home owners, what tactics have you tried tp maximize your listing during non-peak seasons? Twitter me @checkincheckout.